Chicago | Reuters — Chicago Board of Trade wheat futures jumped 3.2 per cent on Tuesday, supported by concerns about rising tensions between Russia and Ukraine as well as cold weather that could threaten the crop in dry parts of the United States. “If there is a problem between Russia and Ukraine, it could be […] Read more
U.S. grains: Wheat rallies as Russia-Ukraine tensions rise
Corn firm, soy weak
Versatile tractor maker’s majority owner boosts stake
Russia's Rostselmash raises ownership to almost 97 per cent
The Russian farm equipment manufacturer which held just over 80 per cent of Canadian tractor and equipment maker Buhler Industries has now taken up near complete ownership. Winnipeg-based, publicly-traded Buhler Industries announced Wednesday that Combine Factory Rostselmash has bought another 16.3 per cent of Buhler shares for $3 per share, or about $12.25 million. Buhler, […] Read more
U.S. grains: Soy, corn futures extend rally
South American weather woes remain 'concerning'
Chicago | Reuters — Chicago Board of Trade soybean and corn futures extended a rally to new multi-month peaks on Wednesday as dry weather in some South American growing belts stoked supply concerns. Wheat futures rose for a fifth straight session, tracking corn and soy while also drawing support from brisk global demand and Ukraine […] Read more
U.S. grains: Wheat hits one-month low on USDA projections
Corn, soybean futures rise
Chicago | Reuters –– U.S. wheat futures slumped to a one-month low on Thursday after the U.S. Department of Agriculture forecast larger-than-expected global production and stocks in a monthly report that reinforced a recent spate of bearish news. Corn and soybean futures tracked wheat lower, but promptly rebounded from their lows on speculative and technical […] Read more
U.S. grains: Wheat slide continues in volatile week
Soybeans rise, corn up on support from crude oil prices
Chicago | Reuters — Chicago wheat futures slid once again on Friday, after a volatile week in which prices plunged on investor fears about the economic impact of the Omicron variant of COVID-19, traders said. Wheat prices had steadied early in the day’s session but then started falling again on news that U.S. employment growth […] Read more
U.S. grains: Wheat soars to nine-year peak on supply concerns, strong demand
Chicago | Reuters — U.S. wheat futures rallied to their highest in nearly nine years on Monday as ill-timed rains in Australia and rising Russian wheat prices stoked concerns about tightening supplies among the world’s top exporters. Corn and soybeans followed wheat higher, with additional support from a waning U.S. harvest and strong domestic demand […] Read more
U.S. grains: Wheat futures rally as global stocks tighten
CBOT corn, soybeans also strong
Chicago | Reuters –– U.S. wheat futures rallied on Wednesday, with the front-month K.C. hard red winter wheat contract jumping to its highest in 7-1/2 years, on concerns about tightening global supplies and strong export demand. Corn futures also rose, with the most-active contract surging 2.6 per cent in its biggest daily percentage gain in […] Read more
U.S. grains: Corn, soybean futures fall
Chicago wheat futures firm
Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Wednesday on seasonal harvest pressure and forecasts that should allow U.S. farmers to continue to make good progress with the cutting of their crops, traders said. “Harvest should continue to expand with weather allowing for quick progress with yields holding up […] Read more
U.S. grains: CBOT wheat up after mixed trade
Traders eye U.S. corn harvest results
Chicago | Reuters — Chicago Board of Trade wheat futures ended higher on Thursday after struggling for direction as traders assessed reduced harvest prospects in major exporting countries. Corn and soybean futures were little changed after topping two-week highs. Traders focused on global supply risks for wheat as Strategie Grains sharply lowered its projection for […] Read more
Pulse weekly outlook: Chickpeas find high-priced silver lining
MarketsFarm — Like many other crops across Western Canada, chickpeas weren’t immune to hot and dry growing conditions over the summer. This year’s domestic chickpea crop is only expected to weigh in at 63,000 tonnes, according to Statistics Canada — less than one-third of the five-year average of 189,600 tonnes. In Saskatchewan, some parts of […] Read more
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